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I mean, what else would anyone expect after capital started siphoning off larger and larger amounts of money from labor in the 70s. Repaying labor with a relat
by cannabis_sam 3y ago
I mean, what else would anyone expect after capital started siphoning off larger and larger amounts of money from labor in the 70s.
Repaying labor with a relative pittance due to growth and simultaneously lowering taxes, just to hoard capital at an ever increasingly more insane rate, while of course dismantling antitrust, will obviously just concentrate capital.
Exponentially concentrated capital will need to chase exponential returns…
The naive folly of the efficient market hypothesis is its childishly simplified view of the world; a given in a world of economists treating their social sciences as if it were as bound to nature as physics.
Although one would’ve hoped politicians weren’t so utterly and devastatingly easy to buy, but they clearly went a long with this insanity.
The idiocy of crypto is but a blip compared to the scam run by capital over the last 50 years.
It’s simple, just redistribute society’s gains, jfc…
- pixl97 3y agoJust wait till capital can pay for intelligence on a CPU and doesn't have to deal with whiny thinking labor demands any longer.